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Oct 16, 2013
10/13
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how much damage of the already done to the economy? >> congress should think of the good of the country and not to get of their party. gerri: also, when the government is fully open for business' most people think the food is safe and thoroughly inspected. it is not. stay safe. prepare for any emergency with these must have applications for your phone. we're watching out for you tonight. gerri: our top story tonight to after 16 days, the shutdown may, may soon be over. the senate voting any time now on a bipartisan deal to reopen the government and allow the treasury to resume borrowing. the speaker of the house said that he will not try and block it when it comes up for a vote on this side of congress. rich edson is live from capitol hill with the very latest. i guess the big question is, are there enough votes in the house to pass this? >> well, sources are telling us gop aides say after they had a meeting in 3:00 of republican members that they do believe that there are enough votes and it seems likely this will eventually make it t
how much damage of the already done to the economy? >> congress should think of the good of the country and not to get of their party. gerri: also, when the government is fully open for business' most people think the food is safe and thoroughly inspected. it is not. stay safe. prepare for any emergency with these must have applications for your phone. we're watching out for you tonight. gerri: our top story tonight to after 16 days, the shutdown may, may soon be over. the senate voting...
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Aug 17, 2013
08/13
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the economy grew by 0.3% in the second quarter. that's the first growth since 2011. >>> paul la deen might be winni in court she's not winning her empire back. deen lost her contracts with the food network, big name sponsors, and her cookbook publisher. now that a judge has tossed out racial bias claims in paending lawsuit, sponsors are still steering clear. >>> only 74% of american women are in the workforce. that's barely budged in the mast 25 years, and trails behind other developed countries. >>> will you still like the way you look without george zimmer. men's warehouse released its first commercial without the i guarantee it go. the company dropped zimmer this summer. >>> another ad from jcpenney has moms up in arms. parents say it promotes bullying because it features a kid eating alone thanks to the clothes he's wearing. >> this is why i call them my last cost centers. pefer year the u.s. department of agricultural breaks out what it costs to raise a child from birth to age 18. in 2012 that total cost, $2,410. $2,410.80. th
the economy grew by 0.3% in the second quarter. that's the first growth since 2011. >>> paul la deen might be winni in court she's not winning her empire back. deen lost her contracts with the food network, big name sponsors, and her cookbook publisher. now that a judge has tossed out racial bias claims in paending lawsuit, sponsors are still steering clear. >>> only 74% of american women are in the workforce. that's barely budged in the mast 25 years, and trails behind other...
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Feb 23, 2013
02/13
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economy? >> the sequester is not just a cut back, but a very crude cut back, sort of just chop one finger off at every hand instead of letting somebody go. i think it was designed that way because the idea was this will force us to do something. but now they haven't. >> i'm starting to hear people in washington say, look, this is going to force some efficiencies in these agencies. they've had budgets that have been getting bigger and bigger for years, stimulus thrown into all different kind of safety net fund funds. maybe this is just tough medicine. >> it might force efficiencies into some agencies, though they really weren't planning for it, so they're having to do it pretty hectically. some agencies you don't want to cut. across the board cuts are a very crude way to run policy. do you want to cut your research and development, medical care, projects where you promised to pay and may end up losing a lot of money? the problem is it's so crude. they said, okay, this won't happen. we all know
economy? >> the sequester is not just a cut back, but a very crude cut back, sort of just chop one finger off at every hand instead of letting somebody go. i think it was designed that way because the idea was this will force us to do something. but now they haven't. >> i'm starting to hear people in washington say, look, this is going to force some efficiencies in these agencies. they've had budgets that have been getting bigger and bigger for years, stimulus thrown into all...
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May 1, 2013
05/13
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i think the economy -- it's such an aggressive policy. and besides it's not actually helping the economy. >> let's get into that a little bit more. >> here is what i did. i went through and looked at the purchases. a little over $200 billion this year. i dug into all the surveys. based on the amount of money that we have spent this year and last 12 months divided by the jobs added, the fed is spending 500,000 this year and over the last year $536,000 per job added. >> most of the rest. >> how am i supposed to control if you're going to agree with him on the harebrain ideas. >> the enormity of the fed operation and the i think purchase of x is the better way. you are getting the bond in return. when you look at certain things in the fed that are happening in the economy. >> sit not like fiscal stimulus. >> he even referred to a money financed helicopter drop in the money as a tax cut being a drop of money in that speech which helped milton beginning. he was the one who originally said the helicopter drop of money. he has been begging for f
i think the economy -- it's such an aggressive policy. and besides it's not actually helping the economy. >> let's get into that a little bit more. >> here is what i did. i went through and looked at the purchases. a little over $200 billion this year. i dug into all the surveys. based on the amount of money that we have spent this year and last 12 months divided by the jobs added, the fed is spending 500,000 this year and over the last year $536,000 per job added. >> most of...
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Aug 16, 2013
08/13
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we need regulatory reforms so we don't have overburdening of the growth sector of this economy. so, all of this put together, we need action. but i just don't expect we're going to get it before 2014-2016. i'd loaf to see them. >> neil: what normally shakes them to the core, market tantrum. both parties. not like in october 1987 septemberoff or 1929 but something where the markets collectively express their rage and say, game over, gig is up. barring that do you expect anything to change? >> i don't think so. i don't think we'll have a market thing like that. markets are very, very lie, neil, compared to profits, interest rates and historical relationships. so. >> neil: you're right about that. a lot of people don't know that but you look at the valuation of the market, according to historical norms, price earnings, ratioses, very low. but i just wanted to explain that. >> you're completely right. but the think i have about a market signal change in policy is that more often than not they do the things that are wrong. my old line has always been: whenever people make decisions,
we need regulatory reforms so we don't have overburdening of the growth sector of this economy. so, all of this put together, we need action. but i just don't expect we're going to get it before 2014-2016. i'd loaf to see them. >> neil: what normally shakes them to the core, market tantrum. both parties. not like in october 1987 septemberoff or 1929 but something where the markets collectively express their rage and say, game over, gig is up. barring that do you expect anything to change?...
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gerri: you're talking about the economy. let's talk about markets. a lot of people look at what has gone on. this can't go on forever. >> i have been saying that. unsustainable. cannot have double-digit gains every quarter. especially in light of this. they will probably get more of a sideways to down market. the next -- i would say the spring and summer. investors need to be positioned a little bit for that. gerri: takes the money of the table. >> i have not gone quite that far. shifting more to the defense of areas. maybe reallocating. gerri: let's talk about apple for a second. we have been talking about the company all week long. and sort of the people who have been brand loyal are kind of getting killed. whether you own the stock or the products, you are worried about what is going on. just this week the huge chunk of apple stock sold off, goldman has taken them off there preferred list. kendis stock? 423, but down from 700 unchanged >> we have had it on our top ten list. we ticket of several months ago. that is reaching a boil or it is cheap en
gerri: you're talking about the economy. let's talk about markets. a lot of people look at what has gone on. this can't go on forever. >> i have been saying that. unsustainable. cannot have double-digit gains every quarter. especially in light of this. they will probably get more of a sideways to down market. the next -- i would say the spring and summer. investors need to be positioned a little bit for that. gerri: takes the money of the table. >> i have not gone quite that far....
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back with an undeniable bigwig, warning the devastation of the economy, proving the economy could take the cuts in the market wouldn't miss a beat. record days in a row. governor of new hampshire says it is a sign maybe this keeps up the grand old party. always great to have you, how are you doing? >> it is great to be here. neil: i am no weather guy, but i remember as a kid the massive snowstorms and nobody was piping up about global warming then. that was then, this is now. what do you make of republicans? the president tried to save the cuts go through, cuts he came up with, they called the bluff, i took the heat, they took the nonstop parading press, life goes on, the markets hit the records. looks like a win. >> it is more of a loss for the president than just a win for the republicans. the president got caught saying it wasn't his idea and woodward pointed out that is not true. neil: woodward also revealed tax hikes shouldn't be a part of this was also the president's discussion. i wanted to get that out. >> the second piece of untruth that came from the president, he said the wo
back with an undeniable bigwig, warning the devastation of the economy, proving the economy could take the cuts in the market wouldn't miss a beat. record days in a row. governor of new hampshire says it is a sign maybe this keeps up the grand old party. always great to have you, how are you doing? >> it is great to be here. neil: i am no weather guy, but i remember as a kid the massive snowstorms and nobody was piping up about global warming then. that was then, this is now. what do you...
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Feb 15, 2013
02/13
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>> well, i think we are getting more news out of world economies that are not great. we're hoping that it's past us, hoping that we're over the worst of it, and we're still getting bad data. that's weighing on the crude oil market. i also think last week, it was an overbought territory, 97.5 level. there's a pull back, but if we're below the 94 level, though, that puts in stops that get executed and see much lower levels. that's what i'm concentrating on now is do we break 94. >> kenny, next week, data points you'll be hanging on to? today, we got consumer sentiment of the initial estimate of it, and it actually is better than expected which is why we see apparel names, vf corp. coming up, jumping today. that's the good news. >> right. listen, there's others better than expected, but industrial production was not; right? news is mixed. the last week, honestly, something happens march 1st. what's it going to be? the focus focuses on the global ma crow issues. they will not make sense to anyone anymore at the moment. they'll look to washington, europe, and -- liz: again
>> well, i think we are getting more news out of world economies that are not great. we're hoping that it's past us, hoping that we're over the worst of it, and we're still getting bad data. that's weighing on the crude oil market. i also think last week, it was an overbought territory, 97.5 level. there's a pull back, but if we're below the 94 level, though, that puts in stops that get executed and see much lower levels. that's what i'm concentrating on now is do we break 94. >>...
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. >> i apologize for that, what was your take on the economy? >> it is pretty evident to me in the manufacturing sector. we have automotive, medical, some of the sectors are doing okay. a lot of the other trades, people are still hurting. if they are like me, i have a moratorium on hiring, i'm looking at better ways of doing things, and i just can't see the economy in my business coming back to the extent that wall street projections reflect and what it is is reflected in having an private sector. d'amore extra cash this year than he did last year? cost of fuel is out. you have an increase your salary levels to stay with basic inflation. how can this economy recover when the consumer has not been able to stay up with their cash flow at the rate of what inflation has been. neil: remember when wisconsin union went nuts? even trying to recall the governor? well, get ready. creating shock waves everywhere today neil: forget the markets. this does then is now probably the event of the week. state workers in illinois have now been given an ultimatum.
. >> i apologize for that, what was your take on the economy? >> it is pretty evident to me in the manufacturing sector. we have automotive, medical, some of the sectors are doing okay. a lot of the other trades, people are still hurting. if they are like me, i have a moratorium on hiring, i'm looking at better ways of doing things, and i just can't see the economy in my business coming back to the extent that wall street projections reflect and what it is is reflected in having an...
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Jul 8, 2013
07/13
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bernanke which is the economy is getting better. maybe not hot but better. >> we're watching yields as well. as you all know june posting some of the biggest moves in interest rates since 1962. where are the opportunities in fixed income in this rising rate environment? joining us is rick reiter. he's chief investment offer in black rock. he has $46 million in investment management. that's it? now there are notes going around the street predicting where the ten year is going to be by the end of 2013, into 2014 and beyo beyond. goldman the latest i saw three% in 2014 and four% in 2016. what's your best guess. >> when rates were significantly lower we thought it would end at 2 and a quarter. now i would agree the growth is better. the feds will pull back on what is distorting markets. we're going to end the year in two and three quarters. you've lifted the range of where the ten year is doing to be from when we were returning. i think we're going to hit three percent. you could hit it this year but certainly into next year. >> can we
bernanke which is the economy is getting better. maybe not hot but better. >> we're watching yields as well. as you all know june posting some of the biggest moves in interest rates since 1962. where are the opportunities in fixed income in this rising rate environment? joining us is rick reiter. he's chief investment offer in black rock. he has $46 million in investment management. that's it? now there are notes going around the street predicting where the ten year is going to be by the...
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Sep 10, 2013
09/13
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the economy is very weak. this methodology or bias, the way president obama talks about these things, the sort of guy you would see a fat person and skinny person walking down the streets that that day of of his food. explosive economic growth in the 1980's and reagan. in the 1990's and bill clinton. it was, as a result of deregulation a result of tax cuts. that really has not occurred. like to learn from history. at least not the history of the 80's and 90's in which the american economy created. that is not a time that is of much interest. gerri: i agree. thank you for coming on the show. we appreciate your time. >> thank you. gerri: now we want to know what you think. our food stamps to easy to get? log on. more to come this hour including tips on becoming an extreme couponer said. should you trust your health the latest ads and gadgets and the market? and doctors take nexus with a cover for you and your health. weekdays are for rising to the challenge. they're the days to take care of business. when possib
the economy is very weak. this methodology or bias, the way president obama talks about these things, the sort of guy you would see a fat person and skinny person walking down the streets that that day of of his food. explosive economic growth in the 1980's and reagan. in the 1990's and bill clinton. it was, as a result of deregulation a result of tax cuts. that really has not occurred. like to learn from history. at least not the history of the 80's and 90's in which the american economy...
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so far to go in this economy. a lot of talk about recovery. when i have seen is recovery in the stock market. i have not seen a recovery that has really hit dead dinner table not yet. >> thank you. gerri: coming up, more important changes to obamacare. the latest on how you do that. we will show you how. gerri: still ahead, tonight pay off your mortgage. ♪ gerri: a fox business alert. barnes and noble ceo is out. resigning from the post effective immediately. his resignation comes one month after the company announced losses from their next business. more than doubling in the fourth quarter. that loss wiped out all the profits from the bookstores. barnes and noble shares down 3% after hours. big story. and now on to mortgages. what if i told you could pay off your third year mortgage in five to seven years. i know it sounds crazy, but my next guest says you can save thousands, tens of thousands, maybe even hundreds of thousands . personal finance expert, author of gnashing your debt. thank you. welcome back. people are paying interest on the
so far to go in this economy. a lot of talk about recovery. when i have seen is recovery in the stock market. i have not seen a recovery that has really hit dead dinner table not yet. >> thank you. gerri: coming up, more important changes to obamacare. the latest on how you do that. we will show you how. gerri: still ahead, tonight pay off your mortgage. ♪ gerri: a fox business alert. barnes and noble ceo is out. resigning from the post effective immediately. his resignation comes one...
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gerri: do you believe we will see a better economy? will that trickled through broadly throughout the s&p 500 market? >> the same thing i have been saying for a couple of years. the economy will be okay one month in the next it won't. we are in no one's right now for gdp. that is really not good numbers. the potential for the economy will be hit. not only nationally, the states. regulations are getting bigger and hitting business. i still think there is a big dose of uncertainty out there which is why you still see unemployment in the sevens. until we get into the low sixes and fires, i don't think the economy can look for help in any meaningful fashion. gerri: we just have to get rid of this employment problem. next week is a big one for stocks. what do you see as the important ones here? >> this coming week there are a few things. for me it is all about the fed. all this talk. i hate the word, but they're talking about tapering. last time they did, the market got hit. they had to row the back. if they start coming out talking about c
gerri: do you believe we will see a better economy? will that trickled through broadly throughout the s&p 500 market? >> the same thing i have been saying for a couple of years. the economy will be okay one month in the next it won't. we are in no one's right now for gdp. that is really not good numbers. the potential for the economy will be hit. not only nationally, the states. regulations are getting bigger and hitting business. i still think there is a big dose of uncertainty out...
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May 7, 2013
05/13
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check out ypo.cnbc.com for great ceo perspective on the economy. >>> ceos may think the economy is just chugging along, but there are bright spots in housing. according to a new report by trulia, will asking prices continue to rise? let's bring in the chief economist. we're watching what's happening with the stock market. hopefully people are feeling more confident. is that helping housing? >> the rising stock market boosts confidence. that's good for the housing market. some people might also decide to take the gains they have made in the stock market and use that for a down payment. but the housing market doesn't swing as fast as the stock market does. 1% swing might common for some days in the stock market, but it's rare that the housing prices swing by 1% even in a month. so the housing market is much more tied to fundamentals, like household formation and job growth. >> are the fundamentals good right now, do you think? >> right now we're seeing job growth really boosting home prices in a lot of markets. even in places that investors love like phoenix and las vegas are also seeing
check out ypo.cnbc.com for great ceo perspective on the economy. >>> ceos may think the economy is just chugging along, but there are bright spots in housing. according to a new report by trulia, will asking prices continue to rise? let's bring in the chief economist. we're watching what's happening with the stock market. hopefully people are feeling more confident. is that helping housing? >> the rising stock market boosts confidence. that's good for the housing market. some...
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Jul 24, 2013
07/13
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this is very helpful to the economy. >> big tax cut for the economy, austin? i think you guys are getting the order mixed up. growth leads to less spending because we have the stabilizers that will allow tax revenues to go up. you have to operate out the improvement of government spending as a share of the economy that is coming from growth. i don't think it's causing it, most of the private forecasters are saying that the fiscal drag is more than a full percentage point off of gdp growth this year. and that is where i basically think it is. >> austin, you have got just -- before i go to art. you have two trillion plus in spending cuts. the caps that were put in place in 2011 and the sequester, about which president obama had nothing good to say today in his speech, in fact he criticized it repeatedly. i will agree with you part of the way, austin, but the cyclical recovery, even though it's slow has reduced spending and increased revenues and deficits. >> true. >> i have to say to you, policy measures are as tight today, in some sense, you will go back to the
this is very helpful to the economy. >> big tax cut for the economy, austin? i think you guys are getting the order mixed up. growth leads to less spending because we have the stabilizers that will allow tax revenues to go up. you have to operate out the improvement of government spending as a share of the economy that is coming from growth. i don't think it's causing it, most of the private forecasters are saying that the fiscal drag is more than a full percentage point off of gdp growth...
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Feb 14, 2013
02/13
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maybe that would stimulate the economy. from an economic point of view and not a human point of view, how do you make that choice as to what will benefit your state more? >> one think about it, we can't get jobs if businesses can't hire people. looking what we have overall with our system, the more and more people out of work we can not afford these tax increases or what we have for the debt repayment by the federal government. just like a bad debt, better to pay off as much as soon as possible, than you would later on. so, what we have right now, we can't afford to print money here in north carolina with what they do up in washington. melissa: right. >> so we had to take, we had to take the bull by the horns and do this. we brought all the stakeholders into this plan. and there is no way we can't get around it without raising taxes on businesses. they know if we do it right now, that in the long run it will be much, much better because the federal repayment plan would take it all the way out to 2019, instead of 2016 under
maybe that would stimulate the economy. from an economic point of view and not a human point of view, how do you make that choice as to what will benefit your state more? >> one think about it, we can't get jobs if businesses can't hire people. looking what we have overall with our system, the more and more people out of work we can not afford these tax increases or what we have for the debt repayment by the federal government. just like a bad debt, better to pay off as much as soon as...
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Feb 11, 2013
02/13
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it would hurt confidence in our economy. so many investors and businesses are put off by seeing this monthly or every few months clef or sequestration word debt limit threat. so my whole business, people understand this is unnecessary and that we should come together and have the type of entitlement reform that has savings together with additional tax reform that has savings that is balanced, bipartisan, no one will like it. republicans will not want to do many -- much revenues. a lot of democrats. melissa: republicans are saying they have already put a lot of revenue on the table and been down that road and notice time for the other side to go ahead and do some real, honest spending cuts that are present or real entitlement reform that would happen now. >> well, that is less than half the story because really we have cut two and a half trillion from the deficit. only 600 billion. about 25-30 percent of that has been from revenues. so the overwhelming amount of protection we have gotten, including the budget control act that
it would hurt confidence in our economy. so many investors and businesses are put off by seeing this monthly or every few months clef or sequestration word debt limit threat. so my whole business, people understand this is unnecessary and that we should come together and have the type of entitlement reform that has savings together with additional tax reform that has savings that is balanced, bipartisan, no one will like it. republicans will not want to do many -- much revenues. a lot of...
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Aug 8, 2013
08/13
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and the second -- let me finish. >> we have an a-rod economy. i'm saying we have no idea how many home runs he could hit without the juice. so without the juice, all of these metrics are meaningless. >> not only that not enough milton friedman, not enough arthur laffer, and not enough free market economics. if we had gone to free market economics away the globe like we did in the 1980s, the world economy today would be booming. [ everybody talking at once ] >> go ahead, rick. >> central banks don't like bad news. they don't want real recessions, they don't want anything to show any contraction. so all the things they do to artificially hold this up have a price. and the price starts with an m and at the ends with mediocrity. what it means is we'll have a lot of average down the road. clear the zone. grow up. experience a little bit of pain until ultimately you you can fuel growth. you can spending, you see a sequester, the numbers go down. of course. you're paying for growth. that becomes a negative. >> i'll give you the last word. >> you may no
and the second -- let me finish. >> we have an a-rod economy. i'm saying we have no idea how many home runs he could hit without the juice. so without the juice, all of these metrics are meaningless. >> not only that not enough milton friedman, not enough arthur laffer, and not enough free market economics. if we had gone to free market economics away the globe like we did in the 1980s, the world economy today would be booming. [ everybody talking at once ] >> go ahead, rick....
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Aug 19, 2013
08/13
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and american economy with oil and military. we have to have that leeway and leverage otherwise lose a lot of the military influence in the middle east and countries like russia and iran. the average american says the economy is not doing well, we see people dying in the streets, why we wasting all this money in egypt? every taxpayer dollar is important but with how much we would lose, that is why i am supporting the continuation of the aide. with strict negotiations trying to get everything we can out of the egyptian military. melissa: thank you for coming on. >> thank you. melissa: as egypt is exploding, a brand-new network is launching tomorrow. it is already making cable news history but not in the way you would think. advertisers are staying so far away from the controversial channel is only going to have six minutes of commercials per hour, less than half the average amount of ad dollars of the competitors including us and the fox news channel. we had a marketing expert and fox news middle east analyst. thanks to both of y
and american economy with oil and military. we have to have that leeway and leverage otherwise lose a lot of the military influence in the middle east and countries like russia and iran. the average american says the economy is not doing well, we see people dying in the streets, why we wasting all this money in egypt? every taxpayer dollar is important but with how much we would lose, that is why i am supporting the continuation of the aide. with strict negotiations trying to get everything we...
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Aug 16, 2013
08/13
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gerri: will the federal reserve start pulling on its stimulus to the economy? what do you say? >> did you hear that question? you have been answered? what do you think? >> no. gerri: could you hear that? it said no. >> you think she's a pretty lady gerri: the right answer. i love that. >> he liked being on television? >> yes. gerri: is it fun? >> in this? gerri: he lost the treat. >> is it fun? >> yes. gerri: would you buy apple stock? >> we then have another for buying and selling we created but insisted that. what he think. look. it's also be. buyers sell? >> cell. gerri: does not like apple stock. all right. so is there any other question the think that he would like to be asked at this point? >> how you feel about cats? >> no. gerri: it seems like he's really thinking about it. there is a trade involved, but it does seem like there are tears were rolling. >> we have this remote treat dispenser and we'll send it up. gerri: i think it's brilliant. a really appreciate you bring this on to mind. thank you. the people who want to learn more about teaching the dog to use the ipad
gerri: will the federal reserve start pulling on its stimulus to the economy? what do you say? >> did you hear that question? you have been answered? what do you think? >> no. gerri: could you hear that? it said no. >> you think she's a pretty lady gerri: the right answer. i love that. >> he liked being on television? >> yes. gerri: is it fun? >> in this? gerri: he lost the treat. >> is it fun? >> yes. gerri: would you buy apple stock? >> we...
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we need to address growing an economy by getting government out of the way of business to grow the economy. i just file whole heartly with people i talk to wants and economists they said if you took a stand, i think that america is waiting for leadership out of washington if we say, less wasn't we have to address this problem. -- listen, we have to tracy this address this problem. we're going to pass that on another generation. it is immoral. go back to what president said in 2 thu 2006, if we have to rae debt sealing it means there was a failure of leadership, i agree 100%. i think that national market and world marketing will breathe a sigh of relief. >> well, a different point of view, a gutsy point of view. that is view of senator barack obama. you know about 7 years ago when we voted against raising the debt ceiling for the very reason you said. >> thank you very much thank yoh appreciate you having me on. >> small businesses actually doing better after the shut down? coming up bank ceo said his business is booming, since the government just within kaboomy. ask me what it's like to ge
we need to address growing an economy by getting government out of the way of business to grow the economy. i just file whole heartly with people i talk to wants and economists they said if you took a stand, i think that america is waiting for leadership out of washington if we say, less wasn't we have to address this problem. -- listen, we have to tracy this address this problem. we're going to pass that on another generation. it is immoral. go back to what president said in 2 thu 2006, if we...
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Aug 15, 2013
08/13
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walmart and cisco citeing if economy in the guidance. cisco is cutting 4,000 jobs. >> so the question we ask, are these outlooks an accurate look ahead, is there anyway the fed starts tapering next month? we don't think so. if walmart and cisco have it right. with us is katherine mann professor and chris thornburg, economist and principal we have began economics. katherine, are cisco and wal-mart individual stories are they indicative of a bigger trend, do you think? >> well, i think cisco and wal-mart are indicative of a bigger trend. we seen in the trade data a couple quarters now, slow response on the export side, meaning the growth picture isn't good, slow imparts of consumer goods. so that points to a slower u.s. economy particularly of consumers, at least one not rebounding. so i think wal-mart and cisco, when they're giving guidance an concern they got it right both about the domestic economy and the global economy. >> chris, you don't think the pessimism is accurate, right? you think it's overblown? >> yeah. well, yes and no. let
walmart and cisco citeing if economy in the guidance. cisco is cutting 4,000 jobs. >> so the question we ask, are these outlooks an accurate look ahead, is there anyway the fed starts tapering next month? we don't think so. if walmart and cisco have it right. with us is katherine mann professor and chris thornburg, economist and principal we have began economics. katherine, are cisco and wal-mart individual stories are they indicative of a bigger trend, do you think? >> well, i...
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Oct 15, 2013
10/13
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FBC
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when you talk about what is really going on in the economy, the things that happened five years, things that happened over the past few years, in europe, in here, in the united states, those things have had an effect. they continue to have an effect. melissa: they have an effect, they're a drag without question. charles, you know what i'm talking about here. they're saying it is going to be, you know, markets are going to tank. if you look where the market is right now, it is above where it was when they shut down originally went into effect. certainly that is not what was predicted. you look at egypt and syria, for example. we wereon the brink of war with syria. we haven't fixed that problem yet. i mean there's but still -- >> i would distinguish -- melissa: go ahead. >> i would distinguish between a discontinuous break where we have sharp recession where we fail to pay our debt and with what paul is talking about with i totally agree with and i suspect you would too, we had successive years of losing real income. we have a government clearly dysfunctional. we have all kind of major fe
when you talk about what is really going on in the economy, the things that happened five years, things that happened over the past few years, in europe, in here, in the united states, those things have had an effect. they continue to have an effect. melissa: they have an effect, they're a drag without question. charles, you know what i'm talking about here. they're saying it is going to be, you know, markets are going to tank. if you look where the market is right now, it is above where it was...
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Apr 5, 2013
04/13
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so what is the real jobs economy? the 88,000 jobs we just got in march or the revised 268,000 from february? well, the new math from the labor department says over the last 12 months the monthly average is just 169,000 jobs, not enough to really move the unemployment needle and wage growth? forget about it. average hourly earnings were flat in march and are up just 1.8% for the last 12 months. that's less than the inflation rate. still to come, the full impact on jobs from the sequester. brian? >> hampton pearson, thank you very much. >>> well, at one point today, folks, the dow is down more than 170 points but look at this chart. as you can see a late rally really limited the damage. it didn't make it all the way back but we sure got darned close. how come? here now is the chief equity strategist at fed rated investors. phil, throughout history, right, at least semimodern history, this kind of jobs number would have been seen as bad news. the dow would have tumbled a few percent. i think we can all agree this is not
so what is the real jobs economy? the 88,000 jobs we just got in march or the revised 268,000 from february? well, the new math from the labor department says over the last 12 months the monthly average is just 169,000 jobs, not enough to really move the unemployment needle and wage growth? forget about it. average hourly earnings were flat in march and are up just 1.8% for the last 12 months. that's less than the inflation rate. still to come, the full impact on jobs from the sequester. brian?...
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Jan 22, 2013
01/13
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economy is going to slow sharply this year. housing has done okay with a 2% underlying growth rate, and a lot of help from the fed and a lot of help from fiscal stimu s stimulus, but the stimulus that we've had in the past pushing us as a tail wind has been 2% of gdp and this year it will be minus 1% to 2% so a huge swing to the negative in fiscal stimulus, so the feel-good factor in the housing market goes away as the economy drips down under 1% growth by mid-career. >> what the underlying premise that housing led us into the boom, it led us into the bust, it will have to lead us out again. do we real very to accept that? i mean, there could be other things, right? does it have to be housing that suddenly changes everything? we've had dotcom booms and oil booms, does it have to be houseing? isn't that what got us into trouble as being a huge part of the economy? >> yes, that's a good point. look. stocks have risen in value so we've had a positive wealth effect there. i think -- i think if we're saying let's go back to the econ
economy is going to slow sharply this year. housing has done okay with a 2% underlying growth rate, and a lot of help from the fed and a lot of help from fiscal stimu s stimulus, but the stimulus that we've had in the past pushing us as a tail wind has been 2% of gdp and this year it will be minus 1% to 2% so a huge swing to the negative in fiscal stimulus, so the feel-good factor in the housing market goes away as the economy drips down under 1% growth by mid-career. >> what the...
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not have too many numbers, but this economy is as low. it is not under water, but it is close to the ground as you can get. melissa: and investors did not like it. added you feel? >> it was not good. i mean, you played that music. it is almost like welcome back to an economy that think is struggling to grow. we saw that in the recent gdp report's where we are not seeing the exponential growth. peter points out that we should be having it at this point. mostly it is scary. another thing that i did not like are the way to numbers. in zero. no growth whatsoever month over month. also, weakening died from of the fall, so not only are people not getting hired as much, they're not getting paid. melissa: the wage number was terrible, and the other thing was the number of people who was the number of people who have dropped out. that is what we are talking about, going down to what it was in 1979. half a million people said, forget it. i'm not even going to look anymore, it is not even worth it. there is no hope of me finding a how bad is that? >
not have too many numbers, but this economy is as low. it is not under water, but it is close to the ground as you can get. melissa: and investors did not like it. added you feel? >> it was not good. i mean, you played that music. it is almost like welcome back to an economy that think is struggling to grow. we saw that in the recent gdp report's where we are not seeing the exponential growth. peter points out that we should be having it at this point. mostly it is scary. another thing...
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Feb 22, 2013
02/13
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FBC
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i should tell you something something anywhere the economy is. neil: i hate shopping so it could be any story, a purgatory. >> things that were there flattening down consumer, were there before the sequester. >> you are right, a lot of noise has been ther. is it a smart strategy, to go ahead, blame the republicans for this and i'm not saying a lot of culpable entities but you, mr. president, you knew this was coming and tucked in that report about the cuts, maybe they had something about the inspectors and eating mr. ed, and hundreds of thousands of mentally ill patients on the streets without their meds, knocking on your door, maybe that was in there. that behooves the issue, what the heck were you going golfing for, and john boehner? that is fair and balanced criticism, if this is a big deal, then why are they up until this week, including this week. absent? >> this is how dc works. they 11 from crises to crisis. neil: whose fault is it. >> everyone's fault, obama presented a sequester plan to avoid it, and republicans within home, and i wish t
i should tell you something something anywhere the economy is. neil: i hate shopping so it could be any story, a purgatory. >> things that were there flattening down consumer, were there before the sequester. >> you are right, a lot of noise has been ther. is it a smart strategy, to go ahead, blame the republicans for this and i'm not saying a lot of culpable entities but you, mr. president, you knew this was coming and tucked in that report about the cuts, maybe they had something...
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Aug 13, 2013
08/13
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i'm not sure this is good for the economy. what's good for the economy is good for consumers. you got to take that route to get to the consumer, but how many airlines does france and germany have? we've got ten or 12. i think we have plenty of competition. i think these guys need to merge, and it's going good for the consumer if they do. >> what are the odds today of this merger actually going through? >> you'd be better able to answer that than me because there's no logic. you know, if you could flip a coin, you could say it's 50/50, but with this administration, i'm not sure there's a way to handicap. >> we're going to leave it there. thank you for your time and analysis. lots of colorful metaphors out of that. >> and the thing you have to say, and gordon got to it, does the airline industry need to consolidate to keep profitable, or continue the way they're going with the number of airlines we have? your answer on that is whether or not you want to buy into the airlines. united airlines, and jetblue, off 6 bucks, not bad. >> and coming up, diamond in the rough, find out whe
i'm not sure this is good for the economy. what's good for the economy is good for consumers. you got to take that route to get to the consumer, but how many airlines does france and germany have? we've got ten or 12. i think we have plenty of competition. i think these guys need to merge, and it's going good for the consumer if they do. >> what are the odds today of this merger actually going through? >> you'd be better able to answer that than me because there's no logic. you...
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Jun 11, 2013
06/13
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FBC
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more employers and around the world are optimistic about the global economy. that is according to manpower. here is the ceo on what is happening with the increase in jobs. >> they're is a sense that it was happening while we were doing a survey, that, in fact, yes, our confidence is growing. there seems to be some growing confidence. >> reporter: the confidence also is being built in places like greece and in spain. manpower service companies in 42 countries. a fund companies and 31 of them the plan to increase hiring. back here in the united states won in four in the construction sector put forth their strongest showing in terms of hiring this quarter since before the global recession began. so we did have the jobs report. 1,705,000 jobs added last month. but with this survey, what manpower is saying is that number could go up in the markets are looking at. liz: they sure are. right now we do have markets in the red. anything could happen between now and the closing bell. coming next, live from the cables okamoto reread what is called the observatory. this is
more employers and around the world are optimistic about the global economy. that is according to manpower. here is the ceo on what is happening with the increase in jobs. >> they're is a sense that it was happening while we were doing a survey, that, in fact, yes, our confidence is growing. there seems to be some growing confidence. >> reporter: the confidence also is being built in places like greece and in spain. manpower service companies in 42 countries. a fund companies and 31...
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Aug 21, 2013
08/13
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economy. dennis: one fast fix for job growth would be to unshackle the energy industry and let them grow. >> in other words, ease the regulatory environment. dennis: give us another. >> regulation. financial reform. we now have a situation where the fed has gone out of its way to keep interest rates as low as possible. yet we still find that many businesses and consumers have problems accessing reasonably priced credit. and in part this is because we have yet to finalize what the regulatory environment will look like for the banking industry. worse yet, we have created a situation where small banks, these community banks are facing very costly regulatory burdens that are inhibiting their ability to supply credit to small businesses that otherwise would create jobs. by the way, those businesses that employ fewer than 50 people are responsible for 36 percent of private-sector jobs. dennis: what about obamacare. all kinds of new rules for how many employees you have and whether they're part-time
economy. dennis: one fast fix for job growth would be to unshackle the energy industry and let them grow. >> in other words, ease the regulatory environment. dennis: give us another. >> regulation. financial reform. we now have a situation where the fed has gone out of its way to keep interest rates as low as possible. yet we still find that many businesses and consumers have problems accessing reasonably priced credit. and in part this is because we have yet to finalize what the...
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Jul 11, 2013
07/13
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what happened in the last 48 hours to me is an economy that needs the fed the fed send mixed signals and the market is inter twined. to say the fed is not a factor to me is actually -- i think that's crazy. >> call me crazy, just don't call me maybe. >> i think the fed ultimately put themselves in a position where they're saying we are not going to let this economy fail. >> tim, that's what they have been doing -- i didn't say the fed has been irrelevant. it's been the most relevant thing in the world for years. what i'm saying is -- and jump in. we know what they're going to do. so the bond market already had its move. they're not going to add another layer of qe. >> i agree. >> it's about what the stokt market is going to do. that's what is important. tomorrow sets up for one of the most interesting days we have had i think over the last six to mine months. here we are at 1675 with an earshot of 1687 high on may 22. i'll say although i thought the highs were made for the year a few weeks ago, if we can close above 1690 we're gone again. >> so the question is are you a buyer of this
what happened in the last 48 hours to me is an economy that needs the fed the fed send mixed signals and the market is inter twined. to say the fed is not a factor to me is actually -- i think that's crazy. >> call me crazy, just don't call me maybe. >> i think the fed ultimately put themselves in a position where they're saying we are not going to let this economy fail. >> tim, that's what they have been doing -- i didn't say the fed has been irrelevant. it's been the most...
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taking extreme robust economy to get the supply a way. so what i look at right now short-term we are overbought. because of that we are heading down and we will see $94 level next week. liz: a gutsy call. i'm going to watch for that, thank you. we appreciate it. need to get over to nicole petallides on the floor of the new york stock exchange looking at very important names in metric. nicole: think it is important to look at a couple of names, a couple of names that correlate in some way, shape or form to the job market. monster worldwide up about 6%, linked in now moving today. you can see it is down a whopping 13%. if you own linked in today from your disappointed with this move, down $24. however the bright side of it, it had higher membership, premium subscriptions, but as i noted the guidance is below the analyst estimates. liz: i am one of their influencers, so i hope you will check out my column. hear from warren buffett annual shareholder meeting. my next guest bought his first share many years ago and has never sold that, he is r
taking extreme robust economy to get the supply a way. so what i look at right now short-term we are overbought. because of that we are heading down and we will see $94 level next week. liz: a gutsy call. i'm going to watch for that, thank you. we appreciate it. need to get over to nicole petallides on the floor of the new york stock exchange looking at very important names in metric. nicole: think it is important to look at a couple of names, a couple of names that correlate in some way, shape...
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Jul 10, 2013
07/13
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FBC
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economy. now that we've seen that, and as i mentioned in my remarks, that i think is a very important lesson and the federal reserve and other central banks have accordingly elevated financial stability, increased the resources we put into helping to preserve financial stability. and greatly increased the emphasis we put on that particular objective. so, i think there was a long period where the fed didn't pay much attention to it but it was kind of an accident related to the fact that we did have very calm global financial environment for quite a long time. we now know of course that financial stability is very important even in advanced industrial countries like the united states and i suspect we won't forget that lesson for quite a while. >> this question must have come from our financial historians. the financial act of 1912 was substantial oil political achievement. given the washington today, if the federal reserve act had to be enacted and how would it differ from the fed original legis
economy. now that we've seen that, and as i mentioned in my remarks, that i think is a very important lesson and the federal reserve and other central banks have accordingly elevated financial stability, increased the resources we put into helping to preserve financial stability. and greatly increased the emphasis we put on that particular objective. so, i think there was a long period where the fed didn't pay much attention to it but it was kind of an accident related to the fact that we did...
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Jan 14, 2013
01/13
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yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management does better in down markets than the index. they do better in the up markets. >> no question about it. and if you looked at the '08 to first quarter of '09 period, many people left them, haven't come back. god forbid we have another experience like that. then you'll see the index funds have a hard time recapturing the momentum. >> you see a blend of active and passive? >> i think
yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk....
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Aug 20, 2013
08/13
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>> no doubt housing is better, the economy, but based on what? it was great in 2005a and 2006 and it is all about interest rates you have already seen refinancing fall off a cliff if you look at housing stocks right now they could look at the slowdown but i don't see the end of the world i know people say 5,000 down but that is not happening but we are re -- way overdue i think he is still in the cards and i don't think it is a big deal but will we get 20 percent? i am not there yet. dennis: even if we go down than we are up five so i don't know if there is anything to panic about but aren't stocks a better investment than other asset classes? >> if we drop the 10%, the answer is no. i have been bearish on this but it is picking and choosing an like interest-rate sensitive areas and we have seen a big backup of real-estate stock but there are companies that i do like facebook as a turnaround like green mountain in coffee and netflix there are some corrections placing it is a stock picking environment. i think it will get tougher. dennis: we appre
>> no doubt housing is better, the economy, but based on what? it was great in 2005a and 2006 and it is all about interest rates you have already seen refinancing fall off a cliff if you look at housing stocks right now they could look at the slowdown but i don't see the end of the world i know people say 5,000 down but that is not happening but we are re -- way overdue i think he is still in the cards and i don't think it is a big deal but will we get 20 percent? i am not there yet....
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Feb 14, 2013
02/13
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economy. >> well, it's not good news for the u.s. economy. but at the same time so many of the s&p 500 multinationals, they have really come from the distribution and selling standpoint, they are really trying to tap into the emerging markets. that, of course, is where we are suggesting to our clients that they invest. it is a little premature, i think. in early in the game to be putting money into european equities when there is so much opportunity in other countries out there. gerri: when do you think -- did you think the tone in the u.s. markets is changing in any way? it seems like we had some of just incredible weeks of people really excited. it is -- is it coming down, changing, turning? >> well, in january the s&p 500 was up 6%. so, you know, you multiply that by 12 months and you get 72%. that is unsustainable. i think what we're doing right now is going through that type of consolidation which translated for your viewers is basically stocks are going to go sideways for a time while the earnings catch up to the prices. at the same tim
economy. >> well, it's not good news for the u.s. economy. but at the same time so many of the s&p 500 multinationals, they have really come from the distribution and selling standpoint, they are really trying to tap into the emerging markets. that, of course, is where we are suggesting to our clients that they invest. it is a little premature, i think. in early in the game to be putting money into european equities when there is so much opportunity in other countries out there....
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Mar 16, 2013
03/13
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you say it's feeling like one america with two economies. the rich and then the rest struggling just to get by. poppy harlow introduces us to one woman who feels that way. >> reporter: for many americans who don't own stocks, the recent giddiness on wall street feels a little remote. >> the dow closed at record highs. are you feeling that? >> i wish i was. >> reporter: could you call single mom nicole lowling lucky to have a job in this economy but the reality is she's barely getting by and the stock market boom means nothing to her. is it frustrating to see the headlines? >> yes it does but what am i going to do? >> reporter: a mental health technician at the veterans administration, nicole and her teenaged daughter diamond are renting after losing their home to the bank. how hard is it to get by? >> exextremely hard. >> reporter: she's one of the 46% of americans who have zero stock investments and as the markets boom, the gap between them and the wealthy grows. >> when the stock market rises significantly, it increases the gap in wealth b
you say it's feeling like one america with two economies. the rich and then the rest struggling just to get by. poppy harlow introduces us to one woman who feels that way. >> reporter: for many americans who don't own stocks, the recent giddiness on wall street feels a little remote. >> the dow closed at record highs. are you feeling that? >> i wish i was. >> reporter: could you call single mom nicole lowling lucky to have a job in this economy but the reality is she's...
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Mar 14, 2013
03/13
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KGO
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starting with more good news for the american economy. americans spent a lot of money buying more than economists thought they would last month. here are the numbers. retail sales jumping by 1.1%, the biggest spike in five months. also a big day on the stock market. the dow rising for the ninth straight day, the longest winning streak since 1996. >>> also tonight, there's developing news in upstate new york. police say a man named kirk myers carried out a shooting spree, killing two people in a barber shop, wounded two others, and then killing two people at a car wash a mile away. tonight police believe they've cornered the suspect in an abandoned building. then he fired at them. the police fired back. as we said, this is a developing story. >>> and also today, the backlash is growing over that new policy allowing small knives on airplanes. concerned flight attendants met at tsa headquarters with the head of the agency, john pistole. and he told abc news that the tsa does not plan to reverse the new policy, saying it's unlikely a terroris
starting with more good news for the american economy. americans spent a lot of money buying more than economists thought they would last month. here are the numbers. retail sales jumping by 1.1%, the biggest spike in five months. also a big day on the stock market. the dow rising for the ninth straight day, the longest winning streak since 1996. >>> also tonight, there's developing news in upstate new york. police say a man named kirk myers carried out a shooting spree, killing two...
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Oct 23, 2013
10/13
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MSNBC
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. >> and we're seeing our economy turn from a full-time job economy to a part-time job economy. >> we do not want a part time working america. >> a part-time economy, part-time opportunities. >> people are being divorced from full-time to part-time work. >> we're becoming part-time america because of this law. >> we're forcing people to go from full-time work to part-time work. >> it's killing their jobs, it's forcing them into part-time work. >> forced into part-time work. >> for all the people out of a job, all the people in part-time work. >> losing their jobs, being pushed into part time work. >> losing their jobs, forced into part time work. >> but luckily, we don't have to rely on politicians, pundits and anecdotes to tell us what's going on in the economy, we also have data. today we learned that full-time employment is up. and part-time employment is down since last june. and down since last june when obama care wasn't a factor. the economy is moving in the direction opposite -- you see the rise in part-time work starts after the crash and has since gone down. in part, obama c
. >> and we're seeing our economy turn from a full-time job economy to a part-time job economy. >> we do not want a part time working america. >> a part-time economy, part-time opportunities. >> people are being divorced from full-time to part-time work. >> we're becoming part-time america because of this law. >> we're forcing people to go from full-time work to part-time work. >> it's killing their jobs, it's forcing them into part-time work. >>...
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Aug 16, 2013
08/13
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FBC
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that says the consumer is not about to of lead the charge out of this economy. on the other hand, uc jobless claims down. wages are down a little bit. a very mixed picture. neil: and that alone should let wall street believe, if you're worried about the fed taking a punch bowl away between what you just mentioned and cisco laying off 4,000 people, trouble not your little greedy hard. i think that there is this talk that it is beginning. at the very least this 85 billion a month that has really been propping up the street is going away or being shifted around, maybe they have already stopped buying treasury notes and bonds and the sort of thing. that's why rates are climbing. >> wall street has gotten ahead of itself. the fact of the matter is as much as the president would like to believe the economy is great and everything is roaring back, with tons of people unemployed and underemployed and now with obamacare leading employers to up move people to shorter hours and lower average allen to cut hourly wages, and i don't think things are all that rosy out there. t
that says the consumer is not about to of lead the charge out of this economy. on the other hand, uc jobless claims down. wages are down a little bit. a very mixed picture. neil: and that alone should let wall street believe, if you're worried about the fed taking a punch bowl away between what you just mentioned and cisco laying off 4,000 people, trouble not your little greedy hard. i think that there is this talk that it is beginning. at the very least this 85 billion a month that has really...
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Jul 27, 2013
07/13
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the heritage foundation calls north korea the most repressed economy. the vast majority of north korea's economic output comes from state-run industries and profits are used to support country's massive military. it is rare, incredibly rare, to get a glimpse inside of this country. a country that has walled itself off from the rest of the world. probably the closest you have ever been to a north korean export of a $100 bill. our ivan watson is there. as north korea marks the 60-year anniversary of the end of the korean war, its leaders are allowing carefully guided access to the most secretive regime on earth. >> welcome to the flower festival. a big pavilion devoted to would flowers named after the founder of the democratic people's republic of korea and his son who also ruled this country until his death. now, these flowers are a big source of pride in this country. we are told that nearly every institution in north korea has a greenhouse devoted to growing these flowers and that's taking place in a country with very cold winters. north korea is very
the heritage foundation calls north korea the most repressed economy. the vast majority of north korea's economic output comes from state-run industries and profits are used to support country's massive military. it is rare, incredibly rare, to get a glimpse inside of this country. a country that has walled itself off from the rest of the world. probably the closest you have ever been to a north korean export of a $100 bill. our ivan watson is there. as north korea marks the 60-year anniversary...
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Aug 15, 2013
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if the economy starts to grow too fast and some of the bubble is going to burst. gerri: loss of expectations. i can't tell you how many people i talk to on this show who said they think the markets will go lower because of other stuff going on out there. in washington in particular, of conversations about whether debt is going to mount the will handle the ceiling increase which will emerge again. had the see that? will there be more bad news for investors and americans generally? >> the fundamental issue is still jobs. so many people unemployed, underemployed, a part-time employe, going and disability, and without the engine of jobs it is hard to say that the fundamentals of the economy are sound. the get a lot of ripsaw hang around based on what washington is going to do. frankly i don't remember a time in my adult life where everything was so dependent on some utterance of one washington official or another. it just seems to me that the economy is now just hanging by the threat of the latest comment from ben bernanke or somebody else. gerri: you have to say that
if the economy starts to grow too fast and some of the bubble is going to burst. gerri: loss of expectations. i can't tell you how many people i talk to on this show who said they think the markets will go lower because of other stuff going on out there. in washington in particular, of conversations about whether debt is going to mount the will handle the ceiling increase which will emerge again. had the see that? will there be more bad news for investors and americans generally? >> the...
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that means that the diversified economy, australia has a much more diversified economy than people might realize. that needs to take hold and continue to grow the economy. david: right. our viewers are looking to see whether or not australia's going to become a better or worse place to invest because of this new government. what would you tell them? >> look, australia is a low maintenance, high-return country, david. with the incoming government they are committed to improving the opportunities for investment and for business. there is no doubt, that own the one hand the government has no, no, doesn't underestimate that task, but on the other hand, the opportunities for reform are there and it's a very, very attractive place to invest and. geostrategically it is in a sweet spot. david: our thanks to phil scanlon. by the way the etf for australia is ewa. i don't know if you saw that at bottom of your screen. that was up almost 2% today. well, 1 1/2%. it is not doing too bad. a lot of people have faith in this guy, tony abbott. cheryl: benefit from the proximity to china. david: now the mi
that means that the diversified economy, australia has a much more diversified economy than people might realize. that needs to take hold and continue to grow the economy. david: right. our viewers are looking to see whether or not australia's going to become a better or worse place to invest because of this new government. what would you tell them? >> look, australia is a low maintenance, high-return country, david. with the incoming government they are committed to improving the...
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Jul 13, 2013
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lipstick may tell a tale on the economy. this indicator says that when money is tight, women indulge in small luxuries, but lipstick sales fell during the last recession so maybe we kiss this indicator good-bye. and from lips to jaws. in the movie amity island was packed and according to the shark attack indicator, that's a sign of a strong economy. more people vacationing means more people in the water and more shark attacks. since the end of the recession the numbers have been trending upwards. then there's the hot waitress index illustrated by the show "two broke girls." >> please, i really need this job. >> the theory goes the hotter your waitress, the worse the economy. why? because in boom times beautiful women are more likely to work at product reps and other jobs where hotness helps. ridiculous? yes. but it gets worse. sugar daddy.com surveys its clients on the economy. it's a daty site that pairing wealthy men and women with attractive sugar babies. in a survey those daddies are predicting a downturn. if they stop b
lipstick may tell a tale on the economy. this indicator says that when money is tight, women indulge in small luxuries, but lipstick sales fell during the last recession so maybe we kiss this indicator good-bye. and from lips to jaws. in the movie amity island was packed and according to the shark attack indicator, that's a sign of a strong economy. more people vacationing means more people in the water and more shark attacks. since the end of the recession the numbers have been trending...
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Sep 23, 2013
09/13
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>> i doubt it because the economy is not firing on all cylinders. i would say yes, but short of that economic performance, i have a difficult time seeing that happen. gerri: i want you to talk about your financial security index. they talk about their own personal financial system. what is going on? >> it slipped in september after six consecutive months people said it is better now than it was a year ago. it is something worth watching with all the congressional wranglings going on. we saw that on a couple of different factors bringing that reading down, overall financial system and the comfort level with debt can be traced to the mortgage rates. gerri: what will they be responding most to? what is going on in the stock market, mortgage rates, what gets the biggest response from consumers? >> let's take a look back at 2011. the last debt ceiling, it produced a stock market correction which undermined confidence. at that point in time we found 40% of americans cutting back on spending because of those concerns. it could be a problem. gerri: back wit
>> i doubt it because the economy is not firing on all cylinders. i would say yes, but short of that economic performance, i have a difficult time seeing that happen. gerri: i want you to talk about your financial security index. they talk about their own personal financial system. what is going on? >> it slipped in september after six consecutive months people said it is better now than it was a year ago. it is something worth watching with all the congressional wranglings going...
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Sep 19, 2013
09/13
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. >> the presence of the economy is going in the right direction. neil: five years after the bailouts, we are trying to figure things out. welcome, i am neil cavuto. what started as the means to continue meltdown has now become a mania. everyone still needs their fix. that's what happens when you rescue one and pretty soon you have to rescue all. this isn't about being too big to fail but having too many accounts. maybe they will stop getting their monthly fix from the fed. imagine their release. the day will come when the drug dealer says that you have to come back. they will have to be on their own. it is amazing that it was to me, what scares me is the very thing that used enunciate them another day. a not too long a ago day. over two monica crowley and lori rothman. be careful what you do in a crisis. >> i understand why the bailouts happen at a time. but i understand they took place in an atmosphere of extreme economic financial and political chaos and panic. this was right before a presidential campaign. so i understand why we went forward wit
. >> the presence of the economy is going in the right direction. neil: five years after the bailouts, we are trying to figure things out. welcome, i am neil cavuto. what started as the means to continue meltdown has now become a mania. everyone still needs their fix. that's what happens when you rescue one and pretty soon you have to rescue all. this isn't about being too big to fail but having too many accounts. maybe they will stop getting their monthly fix from the fed. imagine their...
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Feb 16, 2013
02/13
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the thing is -- the story is economies are healing. world are healing did not need that safe haven right now. but with central banks around the world they rush as jonathan pointed out, gold is acting like a currency. it is more volatile. >> the thing is is that they oftentimes tend to anticipate and don't reflect that. even thinking about bank stocks between 2006 in 2007. extremely weak before we started talking about a credit crisis or an economic collapse. i think gold stocks and the medals themselves, people are worried about it. they should look at the bond market. neil: would that be a good environment for gold? >> not necessarily. money coming out of higher assets. environment? >> not necessarily. money comes out of hard assets that for years now have yielded almost nothing. >> after the of the year strike it will not go up. >> base said that in russia's 24 hours ago. [laughter] >> with realities to runups the unsustainable deficits that they really cannot address. that is a macro argument. >> the name of the game by economic gro
the thing is -- the story is economies are healing. world are healing did not need that safe haven right now. but with central banks around the world they rush as jonathan pointed out, gold is acting like a currency. it is more volatile. >> the thing is is that they oftentimes tend to anticipate and don't reflect that. even thinking about bank stocks between 2006 in 2007. extremely weak before we started talking about a credit crisis or an economic collapse. i think gold stocks and the...